Brokerages Anticipate Jabil Inc. (NYSE:JBL) to Announce $1.03 Earnings Per Share

Wall Street brokerages expect Jabil Inc. (NYSE:JBL) to post earnings of $1.03 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Jabil’s earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.06. Jabil posted earnings per share of $0.37 during the same quarter last year, which would indicate a positive year-over-year growth rate of 178.4%. The company is expected to announce its next earnings report on Friday, June 18th.

According to Zacks, analysts expect that Jabil will report full year earnings of $5.05 per share for the current fiscal year, with EPS estimates ranging from $5.00 to $5.14. For the next financial year, analysts expect that the business will post earnings of $5.36 per share, with EPS estimates ranging from $5.21 to $5.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Jabil.

Jabil (NYSE:JBL) last released its quarterly earnings results on Monday, March 15th. The technology company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.32. Jabil had a return on equity of 14.01% and a net margin of 0.78%. The company had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same quarter in the prior year, the firm posted $0.50 EPS. Jabil’s quarterly revenue was up 11.5% compared to the same quarter last year.

Several analysts recently weighed in on the company. Citigroup increased their price target on Jabil from $60.00 to $70.00 in a report on Wednesday, March 17th. Zacks Investment Research downgraded Jabil from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research report on Wednesday, February 17th. Stifel Nicolaus upped their price objective on Jabil from $51.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, March 16th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on Jabil from $60.00 to $70.00 in a research report on Thursday, March 18th. Finally, Argus upped their price objective on Jabil from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, March 17th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $52.80.

In related news, Director Anousheh Ansari sold 500 shares of the firm’s stock in a transaction dated Friday, April 23rd. The stock was sold at an average price of $54.26, for a total transaction of $27,130.00. Following the sale, the director now owns 38,000 shares of the company’s stock, valued at $2,061,880. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Sergio Cadavid sold 6,663 shares of the firm’s stock in a transaction dated Friday, March 12th. The shares were sold at an average price of $48.00, for a total value of $319,824.00. In the last ninety days, insiders have sold 150,163 shares of company stock worth $7,724,374. 2.81% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Stanley Laman Group Ltd. raised its stake in Jabil by 0.8% in the fourth quarter. Stanley Laman Group Ltd. now owns 41,274 shares of the technology company’s stock valued at $1,755,000 after buying an additional 326 shares during the last quarter. Convergence Investment Partners LLC raised its stake in shares of Jabil by 9.9% in the first quarter. Convergence Investment Partners LLC now owns 5,253 shares of the technology company’s stock worth $274,000 after purchasing an additional 473 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in shares of Jabil by 1.1% in the first quarter. Virginia Retirement Systems ET AL now owns 44,300 shares of the technology company’s stock worth $2,311,000 after purchasing an additional 500 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Jabil by 3.8% in the first quarter. Pacer Advisors Inc. now owns 14,438 shares of the technology company’s stock worth $753,000 after purchasing an additional 527 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Jabil by 2.3% in the fourth quarter. State of Alaska Department of Revenue now owns 23,663 shares of the technology company’s stock worth $1,006,000 after purchasing an additional 542 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

NYSE:JBL traded down $0.67 during midday trading on Tuesday, hitting $51.93. 919,928 shares of the company traded hands, compared to its average volume of 949,831. The firm’s fifty day moving average is $52.52 and its 200-day moving average is $44.04. Jabil has a 12-month low of $25.10 and a 12-month high of $55.25. The firm has a market capitalization of $7.73 billion, a P/E ratio of 37.36, a P/E/G ratio of 0.97 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.68 and a debt-to-equity ratio of 1.34.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 2nd. Investors of record on Friday, May 14th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, May 13th. Jabil’s payout ratio is currently 91.43%.

About Jabil

Jabil Inc provides manufacturing services and solutions worldwide. The company operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic circuit design services, such as application-specific integrated circuit design, firmware development and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

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